10+ | PIB do Brasil, melhores ações dos EUA e mais

XP Research Top 10 conteúdos que você não pode deixar de ver. Confira toda semana uma seleção de conteúdos essenciais, feita pela nossa equipe, para você estar sempre atualizado/a sobre o que aconteceu de mais importante nos mercados e conseguir investir cada vez melhor. 1. Pesquisa com assessores XP Realizamos uma nova edição da nossa pesquisa com os assessores da XP e assessores de investimento de escritórios autônomos filiados à XP Investimentos. Obtivemos 102 respostas únicas. Observamos uma queda na intenção de aumentar exposição em renda variável, apesar de um aumento nos níveis de alocação. Confira os principais pontos da pesquisa aqui. 2. Destaques da XP CEO Conference Aconteceu nesta semana a 2ª edição da XP CEO Conference, evento realizado no Rio de Janeiro e que reuniu mais de 80 companhias e 400 investidores em quase 500 reuniões individuais e em grupo. O sentimento entre os investidores segue otimista, mas claramente mais cauteloso em relação a alguns meses atrás, especialmente diante da recente escalada com os EUA e de como isso tem impactado o humor e os fluxos de investimento. Veja o feedback das conversas do nosso time de research com as empresas da Bolsa. 3. Top picks do S&P 500: por que investir no setor financeiro global? A estrategista global no Research da XP, Maria Irene Jordão, revela por que os grandes bancos americanos são nossas ações top picks do S&P 500 para 2025. Assista ao episódio do XP da Questão aqui. 4. PIB do 2° trimestre | Esperamos alta de 0,3% A maioria dos setores perdeu fôlego nos últimos meses, especialmente aqueles mais sensíveis às condições de crédito. Estimamos que o PIB total tenha crescido 0,3% no 2º trimestre de 2025, após a forte expansão de 1,4% registrada no 1º trimestre. Acesse detalhes da nossa projeção. 5. Resultados do 2º trimestre de 2025: uma temporada melhor que o esperado no Brasil Chegamos ao fim da temporada de resultados do 2T25, e dentre as empresas cobertas pela XP, 57% superaram nossas estimativas de lucro líquido, 17% ficaram em linha e 26% ficaram aquém. Veja as empresas que surpreenderam positivamente e quem decepcionou aqui. Para acessar as análises dos balanços, clique aqui. 6. Wichmann e Eduardo Lopes, CIOs da XP e da Jubarte: riscos e oportunidades | Outliers InfoMoney #168 No episódio 168 do Outliers InfoMoney, gravado na Expert XP, Clara Sodré e Fabiano Cintra recebem Artur Wichmann, CIO da XP Inc. e Eduardo Camara Lopes, CIO da Jubarte Capital. Os convidados fazem um assessment lúcido e realista sobre o impacto do cenário macro no mercado. Confira. 7. Como andam nossos vizinhos | Corte de juros nos EUA melhora balanço de riscos para a inflação na América Latina Após dados fracos de emprego nos EUA, o cenário para o Fed retomar o ciclo de corte de juros está mais claro. O contexto contribui para a acomodação das moedas da América Latina e pode auxiliar no trabalho dos bancos centrais. Veja o conteúdo do relatório mensal na íntegra. 8. Rec Recebíveis Imobiliários (RECR11) | Portfólio diversificado, porém com riscos que demandam cautela Mantemos posição neutra para o RECR11, apesar da performance histórica atrativa e da boa diversificação da carteira. A rentabilidade implícita e o dividend yield projetado são interessantes, porém pouco competitivos frente a alternativas de menor risco disponíveis no mercado. Acesse a nossa análise. 9. Varejo XP: eXPlorando o Shopping Visitamos cerca de 80 lojas esta semana em quatro shoppings de São Paulo com perfis de consumidores diferentes (Morumbi, Iguatemi SP, Eldorado e Pátio Paulista). Embora nossa amostra tenha algumas limitações, encontramos insights interessantes. Confira os principais pontos que levantamos. 10. CPR: a nova oportunidade da renda fixa | Aprenda a Investir Descubra como investir com segurança e rentabilidade no agronegócio através da CPR, título de crédito que pode ser uma excelente alternativa de renda fixa para diversificar sua carteira. Confira no Aprenda a Investir.   Acompanhe nossas análises Disclaimer 1) This report was prepared by XP Investimentos CCTVM S.A. 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